Certificate in Regulated Investment Funds (Certificate in Regulated Investment Funds)

South East Technological University (TBC)
Key Programme Details
Award

Special Purpose Award - Certificate in Regulated Investment Funds

NFQ Level

Level 8 About NFQ

Delivery Method

Online

Mode

Part Time

ECTS Credits

20

Department

School of Business

General Information
Contact

Lorraine Quirke

Email

Lorraine.Quirke@setu.ie

Phone

051 834137

Address

LORRAINE QUIRKE
SPRINGBOARD ADMINISTRATOR
SCHOOL OF EDUCATION & LIFELONG LEARNING
SOUTH EAST TECHNOLOGICAL UNIVERSITY
WATERFORD

Role

Springboard Administrator

Important Dates
Application Deadline

08/08/2022

Start Date

13/09/2022

End Date

10/05/2023

About this Course

The Certificate in Regulated Investment Funds, a consortium bid between WIT and MTU, will be taught over one academic year and its aim is to enable participants to:

Prepare investment fund financial statements and NAV calculations for a variety of fund types.
Interpret the principles and provenance of investment fund regulation.
Discuss the role of governance in the oversight of investment funds.

The programme will be delivered online, one evening per week. Candidates will receive practical training in Excel, Eikon and portfolio selection techniques. The programme will provide candidates with insights into some of the core elements of the operation of regulated investment funds in Ireland.

The financial sector has performed well during the Covid period, however, it is a sector where educational attainment is extremely important with 80% of those employed having a third level qualification (National Skills Bulletin 2021). The Ireland for Finance 2025 strategy notes that it is important to advance coordination between industry and third-level institutions to support the development of skills and innovation in financial services. As WIT and MTU have previously collaborated with industry on a separate level 9 Masters qualification in this field, which has been funded under HCI pillar 3, key relationships already exist with industry partners and the requisite skills, resources and expertise to deliver this programme are in place.

In the South East, there is a strong demand for individuals with skills in fund administration. Indeed, in an October 2021 Summary of Demand from Industry for Skills in the financial services sector (SE Regional Skills, 2021), the roles in demand include: risk & compliance professionals, fund accountant and associate accounting roles. In the same report, employers identified skills shortages and a need to upskill staff in the following disciplines: fund accounting, regulation, risk & compliance, presentation skills and intermediate Excel. This certificate will provide graduates with the skills to access these types of roles.

Ireland South-West region is home to approximately 40 international financial services companies, employing upwards of 3,500 people, with the investment fund and asset management sector undergoing huge growth (Cork Chamber, 2021). However, there is a dearth of funds education in the South West and often a lack of industry awareness among undergraduates and recent graduates. Industry partners have expressed a difficulty in attracting and retaining talent we believe that by creating this certificate as a gateway to the funds industry for recent graduates and others looking to up-skill, we will improve job readiness and enhance the attractiveness of participants to these thriving industry partners.

The ˜jobs board of the SE Financial Services Cluster indicates that there are numerous open positions in financial services within the region (https://www.irelandsoutheastfscluster.com/jobs-board/ ). As a snapshot, in October 2021, there were 150 open positions in financial services companies (alone) in the South East. Alter Domus opened its new office in Cork in October 2021 and announced the creation of 80 new jobs to be filled in 2022. This programme will help address the skills gaps that exists.

Modules

Fund Accounting
This course gives learners an introduction to the concepts of fund accounting.
Issues to be addressed include valuation of equity funds, accounting for fund shares, accounting for corporate actions, accounting for fund expenses and NAV calculations.

Fundamentals of Fund Regulation
This module introduces learners to the concept of regulation and what it means to be a “regulated entity”.
Learners will have the opportunity to explore key regulatory issues and will get a high-level overview of the various legislative frameworks.

Advanced Fund Accounting
This module addresses more complex aspects of fund accounting, including accounting for money market and bond funds.
Next issues around accounting and valuing specialist securities are explored. Incentive fee accounting will also be discussed.

The Investment Fund Industry
The aim of this module is to introduce learners to the structure of the funds industry in Ireland,
the responsibilities of service providers and the concept of fund governance. Students will engage in a mentorship arrangement with a fund professional.

• ‘This new course is currently completing the academic validation process within SETU. Formal offers of SETU academic places will only be made following successful completion of the validation process.’

Entry Requirements

The minimum entry requirements for students to be accepted on the Certificate (Level 8) in Regulated Investment Funds are as follows:

a) Applicants must hold at least a Level 7 qualification in business/finance/economics/IT

b) Students holding a non-business/IT honours degree of the type listed above are eligible to
apply. Applicants may be asked to attend an advising interview. These applicants will need to
provide evidence that they possess numeracy and IT skills.

c) Students without a Level 7 qualification may qualify under RPL as per WIT or MTU (as
appropriate) academic guidelines on RPL.

d) International students must meet the WIT or MTU (as appropriate) requirements for
postgraduates in IELTS or equivalent. This programme resides in the School of Business of
both institutions (this can b important when determining the appropriate English language
competency criteria to apply).

Long Description

The Certificate in Regulated Investment Funds, a consortium bid between WIT and MTU, will be taught over one academic year and its aim is to enable participants to:

Prepare investment fund financial statements and NAV calculations for a variety of fund types.
Interpret the principles and provenance of investment fund regulation.
Discuss the role of governance in the oversight of investment funds.

The programme will be delivered online, one evening per week. Candidates will receive practical training in Excel, Eikon and portfolio selection techniques. The programme will provide candidates with insights into some of the core elements of the operation of regulated investment funds in Ireland.

The financial sector has performed well during the Covid period, however, it is a sector where educational attainment is extremely important with 80% of those employed having a third level qualification (National Skills Bulletin 2021). The Ireland for Finance 2025 strategy notes that it is important to advance coordination between industry and third-level institutions to support the development of skills and innovation in financial services. As WIT and MTU have previously collaborated with industry on a separate level 9 Masters qualification in this field, which has been funded under HCI pillar 3, key relationships already exist with industry partners and the requisite skills, resources and expertise to deliver this programme are in place.

In the South East, there is a strong demand for individuals with skills in fund administration. Indeed, in an October 2021 Summary of Demand from Industry for Skills in the financial services sector (SE Regional Skills, 2021), the roles in demand include: risk & compliance professionals, fund accountant and associate accounting roles. In the same report, employers identified skills shortages and a need to upskill staff in the following disciplines: fund accounting, regulation, risk & compliance, presentation skills and intermediate Excel. This certificate will provide graduates with the skills to access these types of roles.

Ireland South-West region is home to approximately 40 international financial services companies, employing upwards of 3,500 people, with the investment fund and asset management sector undergoing huge growth (Cork Chamber, 2021). However, there is a dearth of funds education in the South West and often a lack of industry awareness among undergraduates and recent graduates. Industry partners have expressed a difficulty in attracting and retaining talent we believe that by creating this certificate as a gateway to the funds industry for recent graduates and others looking to up-skill, we will improve job readiness and enhance the attractiveness of participants to these thriving industry partners.

The ˜jobs board of the SE Financial Services Cluster indicates that there are numerous open positions in financial services within the region (https://www.irelandsoutheastfscluster.com/jobs-board/ ). As a snapshot, in October 2021, there were 150 open positions in financial services companies (alone) in the South East. Alter Domus opened its new office in Cork in October 2021 and announced the creation of 80 new jobs to be filled in 2022. This programme will help address the skills gaps that exists

Timetable Info

The indicative delivery model for the Certificate in Regulated Investment for the 2022/23 is that the course will be
delivered online during the evening. The programme comprises 4 modules. Two modules will be delivered in semester one over one evening
(6pm to 10pm) with the two remaining modules be delivered semester two over one evening (6pm to 10pm).

All of the examinations will be on-campus, these may be during daytime hours at the main SETU Waterford campus.

Delivery Location

Online via Zoom

Delivery Notes

The indicative delivery model for the Certificate in Regulated Investment for the 2022/23 is that the course will be
delivered online during the evening. The programme comprises 4 modules. Two modules will be delivered in semester one over one evening
(6pm to 10pm) with the two remaining modules be delivered semester two over one evening (6pm to 10pm).

All of the examinations will be on-campus, these may be during daytime hours at the main SETU Waterford campus.

Application Procedures

Apply via www.springboardcourses.ie . It is important that you support your application with the following required electronic/scanned copies of supporting documents :

1. An up-to-date CV.

2. Scanned copies of all of your official educational qualification, parchments or a transcript of the results showing the results you achieved in each module.

3. Those in receipt of a qualifying Department of Social Protection payment will be required to provide evidence of this payment (Pay slip or letter ).


• Returners: will be required to provide a letter / statement signed by a Commissioner of Oaths confirming their status as a homemaker.

• Employed candidates: are required to provide proof or employment . This can include a recent copy of the following : a pay slip, letter or statement from revenue demonstrating your current employment .

• Self - Employed : a recent letter from your solicitor or accountant confirming your self - employment status.


4. Proof of Identification , a copy of your passport or driving license.

5. Applicants whose first language is not English must submit evidence of competency in English, please see WITs English Language Requirements please see: www.wit.ie/englishrequirements

* To take a course through Springboard+ you will need to:
1. be living fulltime in the Republic of Ireland
2. have your own, valid PPS Number
3. meet the nationality/visa requirement
• You are an EU/EEA/UK/Swiss national or:
• You have permission to remain in Ireland as a family member of an EU citizen or;
• You have Stamp 4 or Stamp 4 EU FAM on your GNIB residence card or;
• You have official refugee status in Ireland / are here on the basis of refugee family reunification or;
• You have been granted Humanitarian Leave to Remain in the State (prior to the Immigration Act 1999) or;
• You have permission to remain following the Minister’s decision not to make a deportation order.
4. have lived in either the EU, the EEA, the UK or Switzerland for at least 3 out of the last 5 years
• If you are a Stamp 4 or Stamp 4 EU FAM holder, residency is calculated from the date you received your stamp. Any time before this cannot be counted
• If you have refugee status in Ireland, residency is counted from the date you applied for International Protection

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Springboard+ Courses 2021/22 - SETU Waterford Campus | formerly Waterford Institute of Technology http://(wit.ie)